The world’s largest pension fund GPIF may take part in weakening Japanese yen
The rebound of the USD/JPY pair from the psychologically important level of 105 fueled the rumors that Tokyo officials may intervene in Forex. Despite a 3% drop in the US stock indexes amid the weak economic reports in German and China, the yen got weaker. It is strange, as the yen is now the major safe-haven asset, the demand for which should increase amid a decline in global risk appetite. After all, the Bank of Japan and the Japanese government have their own views on the results…
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